Keyword: "restructuring"

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Workers sew export garments at Maxport Vietnam Co.Ltd (Photo: VNA)

Garment industry diversifies markets to weather global volatility

The sector is striving to generate 46 billion USD in export revenue this year. Although the figure falls short of the 48 billion USD target, it still represents a 5.6% year-on-year increase, helping Vietnam maintain its position among the world’s top three textile and garment producers.

Merging cities and provinces: A century-long vision

Merging cities and provinces: A century-long vision

On June 12, 2025, during its 9th session, the 15th National Assembly passed a resolution on the restructuring of Vietnam’s provincial-level administrative units. Under this new structure, Vietnam now has 34 provincial-level units—28 provinces and 6 centrally governed cities.

People complete administrative procedures at the "one-stop shop" in Nhat Tan commune, Kim Bang district, Ha Nam province. (Photo: VNA)

National conference on mergence of provinces scheduled

Currently, Vietnam has 10,035 commune-level administrative units, which will be consolidated into approximately 2,000 larger communes, each operating similarly to a small district. This restructuring is expected to begin immediately after the Party Central Committee's April meeting.

At the ceremony on February 28 to officially transfer MobiFone Telecommunications Corporation from the commission to the Ministry of Public Security. (Photo: VNA)

State-owned MobiFone now under Ministry of Public Security

MobiFone's profit before tax in 2024 was estimated at over 2 trillion VND (78.23 million USD), exceeding its annual target by 20.6%. The corporation's digital services sector has witnessed high growth rates across many products and services, including MobiFone Meet (1,050%), Cloud (312%), mobiAgri (49%), and MobiFone Invoice (58%).

Central bank works on debt repayment term restructuring circular

Central bank works on debt repayment term restructuring circular

The State Bank of Vietnam (SBV) has worked with credit institutions to get their opinions on the draft circular on restructuring the debt repayment term and keeping the debt groups unchanged to support borrowers who have difficulties in production and business activities.